Regions Financial Corporation (RF) Director John E. D. D. S. Maupin, Jr. Sells 15,000 Shares of Stock
Regions Financial Corporation (NYSE:RF) Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of Regions Financial stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $17.04, for a total value of $255,600.00. Following the completion of the transaction, the director now owns 59,436 shares in the company, valued at $1,012,789.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Regions Financial Corporation (NYSE:RF) traded up $0.11 during mid-day trading on Friday, reaching $17.08. The company had a trading volume of 8,342,600 shares, compared to its average volume of 15,083,406. Regions Financial Corporation has a fifty-two week low of $13.00 and a fifty-two week high of $17.17. The firm has a market capitalization of $19,680.00, a P/E ratio of 17.48, a PEG ratio of 1.52 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39.
Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. research analysts predict that Regions Financial Corporation will post 0.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, December 7th. Regions Financial’s payout ratio is 37.89%.
A number of equities analysts have recently commented on RF shares. SunTrust Banks reiterated a “buy” rating and issued a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, November 16th. Piper Jaffray Companies reiterated a “hold” rating and issued a $14.50 price objective on shares of Regions Financial in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 price objective on shares of Regions Financial in a research note on Friday, September 15th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 price objective on shares of Regions Financial in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.63.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. boosted its holdings in Regions Financial by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 9,124 shares of the bank’s stock valued at $134,000 after purchasing an additional 26 shares in the last quarter. IFC Holdings Incorporated FL boosted its holdings in Regions Financial by 0.3% during the second quarter. IFC Holdings Incorporated FL now owns 20,289 shares of the bank’s stock valued at $295,000 after purchasing an additional 58 shares in the last quarter. Advisor Partners LLC boosted its holdings in Regions Financial by 0.3% during the second quarter. Advisor Partners LLC now owns 20,041 shares of the bank’s stock valued at $293,000 after purchasing an additional 59 shares in the last quarter. Lbmc Investment Advisors LLC boosted its holdings in Regions Financial by 0.3% during the second quarter. Lbmc Investment Advisors LLC now owns 31,904 shares of the bank’s stock valued at $467,000 after purchasing an additional 109 shares in the last quarter. Finally, Cadence Capital Management LLC boosted its holdings in Regions Financial by 0.5% during the second quarter. Cadence Capital Management LLC now owns 51,617 shares of the bank’s stock valued at $756,000 after purchasing an additional 244 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors.
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About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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